Goods and services that can be produced by using commonly available resources that could be allocated to a wide variety of alternative tasks have a supply that is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly inelastic.

Question

Quizplus · Accepted Answer

Goods and services that can be produced using commonly available resources that can be allocated to various tasks typically have an elastic supply because producers can easily shift resources to increase production when prices rise.

Goods and Services That Can Be Produced by Using Commonly